Café de Coral’s profit doubles as store overhaul pays off
Hong Kong fast-food leader Café de Coral Holdings Ltd. (0341.HK) on Wednesday forecast it would post a profit of HK$95.8 million to HK$105.2 million ($15.75 million) for the six months…
Industry tailspin sends Autohome’s profit, revenue into reverse
Auto trading services provider Autohome Inc. (2518.HK; ATHM.US) on Wednesday reported its revenue dropped 26% year-over-year to 1.32 billion yuan ($196 million) in the third quarter, while its profit dived 53% to…
Luckin adds 2,599 stores in third quarter as profit climbs 45%
Coffee chain Luckin Coffee Inc. (LKNCY.US) reported on Tuesday that its revenue rose 17% year-on-year to 17.89 billion yuan ($2.67 billion) in the third quarter, while its net income increased…
Apollo Mobility’s downstream expansion sputters with acquisition collapse
Luxury smartcar maker Apollo Future Mobility Group Ltd. (0860.HK) said on Monday that its proposed acquisition of Golden Jumbo Ltd. lapsed after failing to meet all conditions by the deal’s…
Li Ning’s retail sell-through declines in third quarter
Sportswear manufacturer Li Ning Co. Ltd. (2331.HK) on Monday announced that retail sell-through for its points of sale, excluding its Li-Ning Young line, fell by a low-single-digit percentage amount year-over-year…
Sun Art’s loss widens in first half of its fiscal year
Supermarket operator Sun Art Retail Group Ltd. (6808.HK) on Sunday warned it expects to report a loss of 500 million yuan ($75 million) to 550 million yuan for the six…
Giordano’s revenue slide accelerates on weakness in Mainland China
Clothing retailer Giordano International Ltd. (0709.HK) on Thursday reported its revenue fell 8.3% year-on-year in the third quarter to HK$820 million ($105 million), accelerating from a 1% decline in the…
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